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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics.
Algorithms. People talk about them all the time, particularly in relation to markets. But who actually designs them, and what do they do?
On this week's episode of the Odd Lots podcast, we speak with Frank Pasquale, a law professor at the University of Maryland, and the author of The Black Box Society: The Secret Algorithms That Control Money and Information. Pasquale, who has been following their relentless ascent for several years, explains the various ways computer models shape our lives while we are completely clueless about our algorithmic overlords.
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